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As simple as possible: 00 level trading

  • #23,081
  • Nov 27, 2014 5:19am Nov 27, 2014 5:19am
Quoting rapidedward
{quote} Thank you for the clarification, I appreciate the time you take in answering my questions and your generosity in sharing your experience. Good night. Rapid.

you can re-pay your appreciation, by YOU becoming very profitable consistently

Udine
Sleep less, live fast, as it aint gonna last
  • #23,082
  • Nov 27, 2014 5:20am Nov 27, 2014 5:20am
later guys..

have to run some errands..

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #23,083
  • Nov 27, 2014 6:36am Nov 27, 2014 6:36am
quick doubt: if it is a bank holiday one which is not a red news should we trade the system or leave 1 hour before and 30 min after as usual. because wukar news indi shows red bars.
Attached Image
  • #23,084
  • Nov 27, 2014 6:44am Nov 27, 2014 6:44am
Trade #8 [Bonus trade #6]

NZDJPY +5 TP

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Masterrmind...........
Master your Mind then Master your Trades
  • #23,085
  • Nov 27, 2014 6:50am Nov 27, 2014 6:50am
EURCAD TP +5
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  • #23,086
  • Nov 27, 2014 6:51am Nov 27, 2014 6:51am
hi all, been learning this great strategy for a week now, on demo account in profit 10% atm
As i am very inexperienced trader i am not sure if i adjusted my chart absolutely correctly,
so would appreciate answer from someone with more knowledge. ty
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  • #23,087
  • Nov 27, 2014 7:14am Nov 27, 2014 7:14am
Quoting PayZone
hi all, been learning this great strategy for a week now, on demo account in profit 10% atm As i am very inexperienced trader i am not sure if i adjusted my chart absolutely correctly, so would appreciate answer from someone with more knowledge. ty {image}
If you want to use the M15 strategy with the Absolute Strength Histogramm and MTF ASH indi, adjust it to the following settings:
Attached Image
  • #23,088
  • Nov 27, 2014 7:14am Nov 27, 2014 7:14am
Trade #9 [Bonus trade #7]

EURCAD +5 TP

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Trade #10 [Bonus trade #8]

AUDUSD +5 TP

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Trade #11 [Bonus trade #9]

AUDJPY +5 TP

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Masterrmind.............
Master your Mind then Master your Trades
  • #23,089
  • Nov 27, 2014 7:20am Nov 27, 2014 7:20am
EU to TP [H1]
Comment: upon rejection of DP1 (to the pip)I tried to place a sell pending order @.800 that when triggered was then closed in 52 secs.
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Porta itineris dicitur longissima esse
  • #23,090
  • Nov 27, 2014 7:21am Nov 27, 2014 7:21am
EU short TS +1.5pips

It is combination of two aproaches to this system.
1. H1 method
2. Mastermind method. Price reaction to Daily Pivot. If i am wrong MM let me know, please.

Unfortunely my TP is 5,5 pips. In case of 5 pips trade would be +5pips. I have to think about WUKAR settings once again.
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  • #23,091
  • Nov 27, 2014 7:32am Nov 27, 2014 7:32am
Quoting iwan73
EU short TS +1.5pips It is combination of two aproaches to this system. 1. H1 method 2. Mastermind method. Price reaction to Daily Pivot. If i am wrong MM let me know, please. Unfortunely my TP is 5,5 pips. In case of 5 pips trade would be +5pips. I have to think about WUKAR settings once again. {image}
If your TP is set > 5 pips sometimes it is worthwhile to babysit the trade as it approaches TP level and simply close it out near to 5 pips if you feel price is hesitating.

Unfortunately this is not always as easy as it is to say it.

One time you close it and it then smashes through your TP.
The next time you leave it alone and it retraces on you and heads towards SL.

Nothing is simple in this business.

I use a TP = 5pips on the Udine pending scripts but 6pips on the WUKAR trailing EA (sometimes 5 pips)

Sometimes I think it's just as easy to leave it at 5 pips and be done.

Final decision is always that of the trader

Good trading,

Masterrmind..............
Master your Mind then Master your Trades
  • #23,092
  • Nov 27, 2014 7:38am Nov 27, 2014 7:38am
Trade #12 [Bonus trade #10]

EURCAD +5 TP

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Masterrmind...........
Master your Mind then Master your Trades
  • #23,093
  • Nov 27, 2014 7:46am Nov 27, 2014 7:46am
GBPUSD TP +5
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  • #23,094
  • Nov 27, 2014 7:50am Nov 27, 2014 7:50am
Quoting Masterrmind
Trade #12 [Bonus trade #10] EURCAD +5 TP {image} Masterrmind...........
Hi MM i want to take this trade also but canceld pending because i thought thats not a MM trade xD. Whats the reason why you take it?

Thanks

Greetz Michael
  • #23,095
  • Nov 27, 2014 8:12am Nov 27, 2014 8:12am
Trade #13

NZDJPY - [LOSS TRADE -10 pips]

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Comment: Combination of high spread and not quite enough momentum to get it to TP...close but not close enough!

Masterrmind............
Master your Mind then Master your Trades
  • #23,096
  • Nov 27, 2014 8:15am Nov 27, 2014 8:15am
back...

Udine
Sleep less, live fast, as it aint gonna last
  • #23,097
  • Nov 27, 2014 8:18am Nov 27, 2014 8:18am
Quoting Masterrmind
Trade #13 NZDJPY - [LOSS TRADE -10 pips] {image} Comment: Combination of high spread and not quite enough momentum to get it to TP...close but not close enough! Masterrmind............

hmmmm...dunno but on my screen i have a WP at 92.77...might caused that momentum to slow. They are pretty solid when they break and hold on the break for momentum. But you've been knocking them dead otherwise. so, ya got be in it to win it....

I got burned last night on the NZDUSD with the unforseen news announcement.

Lionsden
  • #23,098
  • Nov 27, 2014 8:24am Nov 27, 2014 8:24am
Question for Udine and MM. I trade from US and trade this and a few other methods my only problem with the 5 pip is I can't trade 1% a trade cause of the margin. In US it's 50:1 I'm assuming your leverage is higher ? Its not a big deal was just wondering and not sure that I have seen it asked. Anyway great trading MM impressive for sure.
  • #23,099
  • Nov 27, 2014 8:25am Nov 27, 2014 8:25am
Quoting mwsteiner
{quote} Hi MM i want to take this trade also but canceld pending because i thought thats not a MM trade xD. Whats the reason why you take it? Thanks Greetz Michael
I was hoping someone just anyone would notice this trade when I decided to take it because of its subtleties.

Sounds like you are taking notice which is great!

Candle formation is part of the answer:

1. 1st notice the hammer just before NY Open ...what does that tell you?
2. Why did I not take the trade at New York Open?
3. Why did I wait?
4. Does the pivot play any role in all of this?
5. What was the general trend from the Daily open line?
6. Was there any risk involved and if so what was it?

These are hints and I am sure you can fill in the gaps.

Let me know if you have problems with it but you should be ok.

ps. I find that traders will learn a lot more if they put some effort into finding the reasons for themselves since it is they who wish to improve!

Very good question Michael...... :nerd:

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #23,100
  • Nov 27, 2014 8:28am Nov 27, 2014 8:28am
Quoting turboguru
Question for Udine and MM. I trade from US and trade this and a few other methods my only problem with the 5 pip is I can't trade 1% a trade cause of the margin. In US it's 50:1 I'm assuming your leverage is higher ? Its not a big deal was just wondering and not sure that I have seen it asked. Anyway great trading MM impressive for sure.

correct..

I am sory for you guys, they try to "protect" you from losses..

margin 1:50
no hedging
fifo

what a crap...

Udine
Sleep less, live fast, as it aint gonna last
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